Quick Comparision (Progressive Share Brokers
VS Tradingo)
Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Progressive Share Brokers
Tradingo
Single Margin Facility
Year of Incorporation
1996
2016
Exchanges
NSE, BSE, MCX and NCDEX
BSE, NSE and MCX
Branches
3
102
Brokerage
0.04% per order
₹20/Order
Broker Type
Full Service Broker
Discount Broker
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Progressive Share Brokers
Tradingo
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹250 per Year
₹250-per annum
Trading Account AMC
NA
₹0 (Free)
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Progressive Share Brokers
Tradingo
Commodity Futures
0.04% per order
Discount Broking-₹20/Order or 0.01% (whichever is lower) | Premium Broking- ₹100/Order
Currency Futures
0.04% per order
Discount Broking- ₹20/Order or 0.01% (whichever is lower) | Premium Broking-₹20/Order
Equity Delivery
0.35% per order
Discount Broking- ₹0(Free) | Premium Broking-0.3%
Equity Options
₹35 per lot
Discount Broking- ₹20/Order | Premium Broking- ₹50/Lot
Commodity Options
₹35 per lot
Discount Broking-₹20/Order or 0.01% whichever is lower
Equity Futures
0.04% per order
Discount Broking- ₹20/Order or 0.03% (whichever is lower) | Premium Broking-0.03%
Currency Options
₹15 per lot
Discount Broking- ₹20/order | Premium Broking- ₹50/Lot
Fixed Charges
0.04% per order
Discount Broking- ₹20/Order or 0.03% (whichever is lower) | Premium Broking- 0.03% of the turnover
Equity Intraday
0.04% per order
Discount Broking- ₹20/Order or 0.03% (whichever is lower) | Premium Broking- 0.03% of the turnover
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Progressive Share Brokers
Tradingo
RMS Square Off Charge
₹50 per order
₹20/Order
API Charges
Free API
₹0 (Free)
Call & Trade Charges
Rs. 20 (+ GST)
₹20/Order
Other Brokerage Charges
0.04% per order
Discount Broking- ₹20/Order or 0.03% (whichever is lower) | Premium Broking- 0.03% of the turnover
Minimum Brokerage
0.04% per order
₹20/ Order
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Progressive Share Brokers
Tradingo
Currency Options
Exchange txn charge: 0.035%
Discount Broking- ₹20/Order | Premium Broking- ₹50/Lot
Equity Futures
NSE: 0.0019%
NSE: 0.00325% of turnover | BSE: 0.0005% of turnover
Equity Intraday
NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group)
NSE: 0.00325% of turnover | BSE: ₹1.5/Trade on A & B group scrips.
Equity Options
NSE: 0.05% (on premium)
NSE: 0.075% of turnover | BSE: 0.0005% of turnover
Commodity
Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025%
Discount Broking- ₹100/Order or 0.01% whichever is lower |Premium Broking-₹50/Lot
Currency Futures
Exchange txn charge: 0.0009% Clearing charge: .00025%
Discount Broking-₹20/Order or 0.01% whichever is lower|Premium Broking-0.3% of the turnover
Equity Delivery
NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group)
NSE: 0.00325% of turnover | BSE: ₹1.5/Trade on A & B group scrips
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Progressive Share Brokers
Tradingo
Equity Options
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Commodity Options
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Commodity Futures
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Equity Futures
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
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Progressive Share Brokers
Tradingo
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM
Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM
Trading Platform
1. Investor 360 Web Portal, 2. Investor 360 Mobile App
1.Tradingo -mobile app 2. Justrade 2.0 Stocks
SMS Alerts for Trades
Direct Mutual Fund
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Progressive Share Brokers
Tradingo
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
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Progressive Share Brokers
Tradingo
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Progressive Share Brokers
Tradingo
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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Progressive Share Brokers
Tradingo
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
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Progressive Share Brokers
Tradingo
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Progressive Share Brokers
Tradingo
Daily Market Reports & News
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Progressive Share Brokers
Tradingo
Casual Investor
Active Investor
Trader
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Progressive Share Brokers
Tradingo
Pros
1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features
1.Discount stock broker 2.Online IPO and Mutual Funds available 3.Free trading software. 4 Offer margin funding and higher exposure.
Cons
1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches
1.Doesn't offer 3-in-1 account 2.Charge annual maintenance change on demat account. 3.Call & trade is changed ₹20 extra.
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Progressive Share Brokers
Tradingo
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Progressive Share Brokers
Tradingo
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Progressive Share Brokers
Tradingo
Commodity Futures
0.01% on sell side (Non-Agri)
0.01% on sell side (Non-Agri)
Currency Futures
No STT
No STT
Equity Intraday
0.025% on the sell side
0.025% on the sell side
Equity Options
0.0625% on sell side (on premium)
0.05% on sell side (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.1% on buy & sell
0.1% on buy & sell
Equity Futures
0.0125% on sell side
0.01% on sell side
Commodity Options
0.05% on sell side
0.05% on sell side
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Progressive Share Brokers
Tradingo
Equity Demat Transaction Charges
₹10 per request
N/A
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Progressive Share Brokers
Tradingo
Equity/Currencies/Commodities ( Delivery & FNO)
18% on (Brokerage + Transaction Charge)
18% on (Brokerage + Transaction Charge)
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Progressive Share Brokers
Tradingo
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/Crore
₹10/Crore
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Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹250 per Year
₹250-per annum
Trading Account AMC
NA
₹0 (Free)
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Progressive Share Brokers
Tradingo
Progressive Share Brokers Account Opening Process and Charges
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Tradingo Review Incorporated on 2016 in Indore (Madhya Pradesh) by IIT Delhi alumni Mr. Parth Nyati having a decade of experience in the brokerage industry. Today, he is one of the best techies in the financial industry and also holds a position of board member of BSE Brokers Forum. Tradingo is a modern stock trading platform offers 2 types of
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Progressive Share Brokers
Tradingo
Commodity Futures
0.04% per order
Discount Broking-₹20/Order or 0.01% (whichever is lower) | Premium Broking- ₹100/Order
Currency Futures
0.04% per order
Discount Broking- ₹20/Order or 0.01% (whichever is lower) | Premium Broking-₹20/Order
Equity Delivery
0.35% per order
Discount Broking- ₹0(Free) | Premium Broking-0.3%
Equity Options
₹35 per lot
Discount Broking- ₹20/Order | Premium Broking- ₹50/Lot
Commodity Options
₹35 per lot
Discount Broking-₹20/Order or 0.01% whichever is lower
Equity Futures
0.04% per order
Discount Broking- ₹20/Order or 0.03% (whichever is lower) | Premium Broking-0.03%
Currency Options
₹15 per lot
Discount Broking- ₹20/order | Premium Broking- ₹50/Lot
Fixed Charges
0.04% per order
Discount Broking- ₹20/Order or 0.03% (whichever is lower) | Premium Broking- 0.03% of the turnover
Equity Intraday
0.04% per order
Discount Broking- ₹20/Order or 0.03% (whichever is lower) | Premium Broking- 0.03% of the turnover
Call Back
Enquiry
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Progressive Share Brokers
Tradingo
Equity Options
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Commodity Options
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Commodity Futures
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
Equity Futures
1x (100% of Normal margin (Span + Exposure))
1x (100% of NRML margin (Span + Exposure)
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Progressive Share Brokers
Tradingo
RMS Square Off Charge
₹50 per order
₹20/Order
API Charges
Free API
₹0 (Free)
Call & Trade Charges
Rs. 20 (+ GST)
₹20/Order
Other Brokerage Charges
0.04% per order
Discount Broking- ₹20/Order or 0.03% (whichever is lower) | Premium Broking- 0.03% of the turnover
Minimum Brokerage
0.04% per order
₹20/ Order
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Progressive Share Brokers
Tradingo
Commodity Futures
0.01% on sell side (Non-Agri)
0.01% on sell side (Non-Agri)
Currency Futures
No STT
No STT
Equity Intraday
0.025% on the sell side
0.025% on the sell side
Equity Options
0.0625% on sell side (on premium)
0.05% on sell side (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.1% on buy & sell
0.1% on buy & sell
Equity Futures
0.0125% on sell side
0.01% on sell side
Commodity Options
0.05% on sell side
0.05% on sell side
Call Back
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Progressive Share Brokers
Tradingo
Equity Demat Transaction Charges
₹10 per request
N/A
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Enquiry with Tradingo
Progressive Share Brokers
Tradingo
Equity/Currencies/Commodities ( Delivery & FNO)
18% on (Brokerage + Transaction Charge)
18% on (Brokerage + Transaction Charge)
Call Back
Enquiry
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Progressive Share Brokers
Tradingo
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/Crore
₹10/Crore
Call Back
Enquiry
Enquiry with Tradingo
Progressive Share Brokers
Tradingo
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM
Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM
Trading Platform
1. Investor 360 Web Portal, 2. Investor 360 Mobile App
1.Tradingo -mobile app 2. Justrade 2.0 Stocks
SMS Alerts for Trades
Direct Mutual Fund
Call Back
Enquiry
Enquiry with Tradingo